The Letter Of Intent To Extend Contract is a crucial business document used when parties wish to express their commitment to extending an existing contractual relationship but need time to negotiate or finalize the formal extension agreement. This document type is particularly relevant in the Irish business context, where it provides a structured framework for maintaining business continuity while formal extension arrangements are being finalized. It typically includes references to the original contract, proposed extension terms, and any modifications to existing arrangements. While not fully binding, it can create certain enforceable obligations under Irish law, particularly regarding confidentiality and exclusive negotiations. This document is especially useful in complex commercial relationships where immediate formal extension may not be practical due to approval requirements, regulatory considerations, or ongoing negotiations.

1. Date and Parties: Opening section identifying the date and the parties involved in the original contract and this letter of intent

2. Reference to Original Contract: Clear identification of the existing contract including its date and title

3. Expression of Intent: Clear statement of the parties' intention to extend the existing contract

4. Proposed Extension Period: Specification of the intended duration of the contract extension

5. Current Contract Status: Confirmation that the existing contract is in good standing and that all parties have met their obligations

6. Interim Arrangements: Any temporary arrangements that will apply during the negotiation of the formal extension